In the dynamic world of cryptocurrency, where every tweet can send ripples through the market, Sam Bankman-Fried’s recent “gm” tweet has stirred up a storm of speculation. The former CEO of FTX, known for his influential presence in the crypto community, has reignited conversations about a potential comeback, especially given the intriguing timing of his tweet coinciding with the emergence of a new Solana-based perpetual decentralized exchange (DEX).
A Tweet That Sparked a Thousand Conversations
On the morning of September 23, 2025, Sam Bankman-Fried, or SBF as he’s popularly known, tweeted a simple “gm” (good morning) to his followers. This tweet, minimalistic yet profound in its impact, generated a flurry of comments and shares across social media platforms. For those familiar with the crypto lingo, “gm” is more than a casual greeting—it’s a nod to the community, often used to signify readiness to engage with the day’s developments.
SBF’s timing couldn’t have been more intriguing. On the same day, whispers of a new Solana-based perpetual DEX began to surface, leading many to draw links between the two events. Is SBF signaling his involvement in this new project, or is it merely a coincidence? The crypto community is divided, with some eagerly hoping for SBF’s return to the forefront, while others remain skeptical of his intentions.
The Solana Connection
Solana, a blockchain known for its high-speed transactions and low fees, has been gaining traction among developers and traders alike. The emergence of a new perpetual DEX on Solana is a significant development, particularly in a market that craves innovation and efficiency. This DEX, though still shrouded in mystery, promises to offer features that could challenge established players in the space.
Speculators are quick to point out SBF’s longstanding affinity for Solana. His previous ventures, including the now-defunct FTX exchange, often highlighted the potential of the Solana network. This historical connection lends credence to the theory that SBF could be involved in this new venture, perhaps even playing a pivotal role in its development or strategy.
A Mixed Reception from the Community
Reactions to SBF’s tweet and the potential for his involvement in the Solana-based DEX are mixed. Supporters argue that SBF’s expertise and innovative approach could inject fresh energy into the market, especially at a time when the crypto world is navigating complex regulatory landscapes and market volatility. His previous success with FTX, despite its controversial collapse, showcased his ability to build and scale crypto platforms effectively.
On the flip side, skeptics caution against blindly celebrating SBF’s potential return. The FTX debacle left a sour taste for many investors who suffered losses, and trust is not easily rebuilt in the crypto space. Critics emphasize the need for transparency and caution, urging the community to focus on the fundamentals of the new DEX rather than getting swept up in the hype surrounding SBF.
The Broader Implications
Whether SBF is indeed involved in the new Solana-based DEX or not, the speculation surrounding his tweet highlights the broader influence of social media on the cryptocurrency market. In an environment where a single tweet can sway market sentiment, the role of key figures like SBF becomes both powerful and precarious.
For the Solana network, the buzz generated by this speculation serves as a testament to its growing prominence in the blockchain ecosystem. As developers continue to innovate and expand the capabilities of Solana, the network is poised to attract more projects and investors, potentially reshaping the competitive landscape of decentralized finance.
Looking Ahead
As the dust settles from SBF’s tweet and the initial excitement around the new Solana-based DEX, the crypto community is left with more questions than answers. Will SBF make a formal announcement regarding his involvement? How will the new DEX differentiate itself in an already crowded market? And, perhaps most importantly, what does this mean for the future trajectory of Solana and decentralized exchanges as a whole?
In the coming weeks, as more details emerge, the crypto world will be watching closely. For now, SBF’s “gm” remains a tantalizing mystery—a simple greeting that has reignited curiosity and speculation in an industry that thrives on both. Whether this marks the beginning of a new chapter for SBF or just another day in the ever-evolving crypto narrative, only time will tell.
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
